Citigroup Inc. Sells 207,438 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Citigroup Inc. lessened its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 56.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 162,765 shares of the business services provider's stock after selling 207,438 shares during the quarter. Citigroup Inc. owned approximately 0.10% of ExlService worth $6,209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in shares of ExlService in the 3rd quarter valued at $27,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock valued at $29,000 after purchasing an additional 574 shares in the last quarter. Huntington National Bank grew its holdings in ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock valued at $45,000 after buying an additional 1,131 shares during the last quarter. GAMMA Investing LLC raised its position in shares of ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider's stock valued at $55,000 after buying an additional 391 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in ExlService by 29.7% in the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider's stock valued at $62,000 after purchasing an additional 375 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ExlService

In other ExlService news, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the transaction, the insider now owns 102,825 shares of the company's stock, valued at $4,304,254.50. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the transaction, the chief executive officer now directly owns 1,190,240 shares in the company, valued at approximately $50,073,396.80. This represents a 7.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 426,458 shares of company stock valued at $18,720,514. Corporate insiders own 4.16% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on EXLS shares. Jefferies Financial Group raised shares of ExlService from a "hold" rating to a "buy" rating and upped their price objective for the company from $35.00 to $42.00 in a research report on Monday, September 9th. JPMorgan Chase & Co. upped their price objective on shares of ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Citigroup upped their price target on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. Needham & Company LLC upped their price target on shares of ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Robert W. Baird lifted their price objective on ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.86.

ExlService Stock Performance

NASDAQ:EXLS traded down $0.27 on Monday, hitting $46.09. The company's stock had a trading volume of 630,410 shares, compared to its average volume of 942,559. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $47.37. The stock has a fifty day moving average of $41.85 and a two-hundred day moving average of $36.18. The firm has a market capitalization of $7.41 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company's revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. Research analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

ExlService Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.